Hi All,
I have been watching this for some time as a signal.
I always thought if it breaks the upper level, that is confirmation of a bear market.
Question is now, how much of a bear market.
A measured move based on this structure can be to this box range.
Either a cup and handle target or a triangle target, either way, they have not reached their targets yet.
Looking at the RSI, this does look like a major drop and capitulation on the way.
All the best,
S.SAri
The first micro or local target has been reached.
===========================================
I have been watching this for some time as a signal.
I always thought if it breaks the upper level, that is confirmation of a bear market.
Question is now, how much of a bear market.
A measured move based on this structure can be to this box range.
Either a cup and handle target or a triangle target, either way, they have not reached their targets yet.
Looking at the RSI, this does look like a major drop and capitulation on the way.
All the best,
S.SAri
The first micro or local target has been reached.
===========================================
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.